All posts tagged Abengoa

Bioenergy companies and protein producers will be the main victims among EMEA corporates from record soft commodity prices, ratings company Fitch warned Tuesday.

The ratings agency attributes soaring prices to the worst U.S. drought in decades, which is ongoing, ravaging both the corn and soybean crops alike as they undergo a crucial pollination phase, when moisture has the greatest effect on eventual yields.

“Tight supply of major grains and oilseeds associated with the drought is exacerbated by the high demand for food and protein from emerging economies, leading to tight stock-to-use ratios,” Fitch said.